China Daye Non-Ferrous Metals Mining Suspends Operation of Tailings Pond after Accident

Published: Mar 15, 2017 10:30

Save

China Daye Non-Ferrous Metals Mining announced in a statement that a breach occurred at northwestern corner of tailings pond at Tonglvshan mine of the company on March 12.

SHANGHAI, Mar. 15 (SMM) - China Daye Non-Ferrous Metals Mining announced in a statement that a breach occurred at northwestern corner of tailings pond at Tonglvshan mine of the company on March 12, flooding about 266,667 square meters of fish pond. Two people were reported dead and one was reported missing after the accident.

Currently, operation of tailings pond has been suspended, while other production remains normal, and cause of incident is under investigation. The expert team has already mapped out the plan to revamp it, which would start from March 14.

SMM learns that the tailings pond will likely suspend operation for about three months for the accident. The company produced about 30,000 tonnes (Cu content) of copper ore in 2016, a small share in China’s total output of 1.40-1.50 million tonnes. Hence, the impact from the partial dam failure will be mainly on market sentiment.

After the accident, the company applied for Stock Exchange of Hong Kong (SEHK) to suspend trading from 9:00 am on March 13, and the application of trading resumption was made to the exchange from 9:00 am on March 14.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

copper price copper ore TC/RC

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 hour ago

Zambia RDA Chipoma 3,000 t/y Hydrometallurgical Plant Launches, Produces High-Quality Cathode Copper

The full-line connection and operation launch ceremony of the Zambia RDA Chipoma 3,000 t/y Hydrometallurgical Plant, constructed by China 15th Metallurgical Construction Group, was grandly held at the RDA Mining Area in Kasempa, Northwestern Province, Zambia, celebrating the successful production of high-quality cathode copper from the project.

1 hour ago

Zambian Road Disruption Hinders Congo Ore Exports LME and SHFE Copper Both Close Lower [SMM Copper Morning Meeting Summary]

SMM Morning Meeting Summary: Overnight, LME copper opened and peaked at $13,390/mt. Subsequently, the center of copper prices gradually shifted downward, reaching a low of $13,072/mt near the end of the session, and finally closed at $13,084.5/mt, with a decline of 1.59%. The trading volume reached 27,800 lots, and the open interest stood at 312,000 lots, a decrease of 3,474 lots from the previous trading day, mainly due to the reduction in long positions. The most-traded SHFE copper 2604 contract opened at 103,320 yuan/mt, initially rising to 103,630 yuan/mt. Thereafter, the price fluctuated downward, hitting a low of 102,250 yuan/mt near the end of the session, and ultimately closed at 102,280 yuan/mt, marking a decline of 1.23%. The trading volume was 69,800 lots, and the open interest was 199,000 lots, a reduction of 979 lots from the previous trading day, also primarily due to the reduction in long positions.

1 hour ago

16 hours ago

SMM smelter copper anode days of inventories in February 2026 stood at 7.92, down 0.33 MoM

[SMM Copper Anode Update] Following the Chinese New Year holiday, smelters' raw material inventories of copper anode were somewhat depleted, but overall remained at a relatively high level. SMM smelter copper anode days of inventories in February 2026 stood at 7.92, down 0.33 MoM.

16 hours ago